Climate mitigation: Metrics and targets to reduce greenhouse gas emissions

We have set the following (market-based) targets for scopes 1 and 2:  ^{(ESRS E1-4 par 34, AR24)}

• Our greenhouse gas emissions will be 25% lower in 2030 than in the 2024 base year. This target is based on a linear reduction pathway towards zero greenhouse gas emissions by 2050.^{(ESRSE1-1 par. 16a en ESRS E1-4 par 34e)} We do not have a formal sector-level programme to reduce CO₂ emissions.

• We are carbon neutral (our net footprint is zero):

  • We purchase 100% green electricity. Part of this electricity is generated in the Netherlands, increasing to 55% by 2030, in line with Dutch climate targets.

  • For emissions we cannot cover through green procurement, we invest in credible CO₂‑eq‑reduction projects that additionally foster sustainable development in local communities.

When setting these targets, including the allocation of financial resources, we took into account the sustainability improvements achieved through 2024, as well as the expected growth of our organisation. Our climate targets are inspired by Pathways to Net Zero that are aligned with the Paris Agreement.^{(ESRS E1 16a, 34e, MRDT-80g, E1 AR 28)} No separate assurance engagement has been provided for these targets. ^{(ESRS E1-4 par 33 en 34e, ESRS 2 MDR-M par 77b)}

We began the process of setting a 2030 target for scope 3 emissions (including capital goods, purchased goods and services from suppliers, commuting, and processing company waste) in 2025, but we have not completed it yet. We expect to set a target for scope 3 in the first half of 2026. ^{(ESRS E1-1 par. 16a)}

We do not have a 2050 target for our scope 1 and 2 emissions. The majority of our remaining scope 1 and 2 footprint consists of gas leakages. These can be reduced, but not fully eliminated. We are mandated by law to distribute gas. At this stage, there is significant uncertainty regarding a gas‑free energy system in 2050. Because we want to commit only to targets we can credibly deliver, we are not setting 2050 targets at this stage.

Tracking performance and effectiveness of measures

We track our performance and effectiveness to assess whether sustainability measures are effective, identify areas for improvement, and ensure we meet our goals on time. To this end, we use KPIs and metrics:

• For electricity grid losses, we have no additional target beyond the policy already in place. We purchase green electricity to cover grid losses and will continue to do so. This is reflected in our CO₂-eq footprint, which captures the combined emissions of all GHGs.

• We track the effectiveness of the measures against gas leakage losses using the KPI for CO₂-eq savings, calculated for Enexis Groep as a whole. ^{(ESRS 2 MDR-T par 80a en 80c)(ESRS 2 MDR-M par 75)} This KPI is expressed as a percentage reduction compared to scope 1 and 2 CO₂-eq emissions in the baseline year 2024. ^{(ESRS 2 MDR-M par 75 en 77a en c; ESRS 2 MDR-T 80a)} Our target for 2025 was a 9% reduction compared to the 2024 baseline year. ^{(ESRS 2 MDR-T 80d en 80e)} We met this target, achieving a reduction of 9.8%.^{(ESRS 2 MDR T) 80b) (ESRS 2 MDR-T 80j)}   This aligns with our expectation that the largest reduction would occur in the first year in which the measures were implemented. In the subsequent years up to 2030, the annual reduction target is lower. The target for 2026 is a reduction of 13% compared to the 2024 baseline year. ^{(ESRS 2 MDR-T 80d en 80e)}

• We track the effectiveness of electricity grid expansion and reinforcement ^{(MDR-T par 80a)} with the KPI on technically realised grid capacity, which we express in megavolt amperes (MVA). ^{(ESRS 2 par 75 en 77)} For an explanation of the methodology, target, and achievement of technically realised grid capacity, see S4 – Consumers and end users.